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Dec 11, 2012
12/12
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the government is out of aig. the government's sales of the aig stake was one of ben's goals when he took the reins back in august of 2009. in a note to employees this morning, he wrote, that today warrants a celebration like no other in aig's history. the closing of this transaction will mark the full resolution of america's financial support of aig. with the profit to taxpayers of $22.7 billion to date. it marks one of the most extraordinary and what many believe the most unlikely turn-arounds in american business history. they sold their remaining 16% stake, over 234 million shares in aig at an average of $32.50 each. a corporate poster child at the financial crisis, aig resuscitated a government bailout by the treasury of $182 billion. the securities lending business and derivatives are nearly bankrupted, the property and casualty giant. as the firm's fourth ceo in two years, ben executed a plan to simplify the firm by key overseas businesses in order to rebay aig's debts. with one of his primary goals achieve
the government is out of aig. the government's sales of the aig stake was one of ben's goals when he took the reins back in august of 2009. in a note to employees this morning, he wrote, that today warrants a celebration like no other in aig's history. the closing of this transaction will mark the full resolution of america's financial support of aig. with the profit to taxpayers of $22.7 billion to date. it marks one of the most extraordinary and what many believe the most unlikely...
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215
Dec 12, 2012
12/12
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the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence of their policies are starting to be felt there now. we're not going to get out of it. it's a big gdp. we're very active there. some of the greatest companies in the world are french companies. >> i asked this of jamie, and it's an important question, given some of the reputational hit that goldman took over the last couple of years. public still has a very negative perception, i think, of wall street. do you think that's changing? do you think you're doing something to change it? i note that you do 10,000 small businesses and 10,000 women, which are all important programs, but
the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence...
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Dec 7, 2012
12/12
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government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impac
government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a...
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Dec 10, 2012
12/12
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, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the country. >> i want you to tell me first of all how you know this? >> well, every ten years the census bureau does a survey of local governments and they count up all the local governments for every state in the whole country, school districts to basic districts, anything with taxes authority -- >> let me start you right there. anything with taxing authority. so, there is a reason for the proliferation of illinois fifedom and that is to get inside people's wallets. so you're talking about raising money. whether it's through municipal bonds like board of e
, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the...
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167
Dec 6, 2012
12/12
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the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you know, this i found, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares 5.31, which is close to the main lows. this is close t
the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you...
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Dec 13, 2012
12/12
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it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to name names. but if you watched that concert last night and you saw the people that were there and you could go to the robin hood foundation organization website, guess what, harry reid? those are the people that give their money away to help people. and i leave it at that. and that's what the fiscal cliff and taxes and charity have to do with the benefit last night. >> i suppose if harry reid or nancy pelosi were here, and they're not here, i wish some of them were, to respond to what you're saying. >> they don't give money to charity. they don't give money to c
it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to...